Polish industrial production grows at third-fastest rate in EU in May: Eurostat

Poland's industrial production rose 30.2 percent in May compared with the same month a year earlier, marking the third-fastest rate of growth in the 27-nation European Union, the bloc’s statistics agency has reported as economies emerge from the coronavirus shock.

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As the COVID-19 pandemic relents, Hungary boasted the fastest year-on-year growth in industrial production in the EU in May, at 40.3 percent, followed by Slovakia in second place, with 36.8 percent, according to the Eurostat agency.

According to the new @EU_Eurostat figures, in May 2021 Poland 🇵🇱 recorded one of the largest increase of industrial production among all #EU member states (y/y comparison). pic.twitter.com/Tb0xrRdI0f

— Poland in the EU (@PLPermRepEU) July 14, 2021

Among member states for which data were available, Finland reported the smallest year-on-year increase in industrial production in May, at 8 percent, while Estonia recorded an 8.2 percent rise, the agency's data showed.

Industrial production increased in all member states for which data were available, Eurostat reported on Wednesday.

The agency said industrial production in the EU as a whole grew by 21.2 percent in May in year-on-year terms, while the euro area recorded a 20.5 percent increase as the coronavirus ebbs.

Euro area #IndustrialProduction -1.0% in May over April 2021, +20.5% over May 2020 https://t.co/W3gC1YT40g pic.twitter.com/3C7UDicMUs

— EU_Eurostat (@EU_Eurostat) July 14, 2021

Poland’s Central Statistical Office (GUS), which uses a different methodology, reported last month that Polish industrial production rose 29.8 percent in May compared with the same month a year earlier.

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Source: PAP, europa.eu/eurostat